Updating Financial Guidance1:
As a result of the completed acquisition, NRG Yield is raising its full-year 2014 Adjusted EBITDA guidance to $455 million, from $410 million, and Cash Available for Distribution (CAFD) guidance to $145 million, from $140 million.
The Company is also reaffirming that the acquisition is expected by 2016 to increase both annual run-rate Adjusted EBITDA by approximately $220 million and CAFD by approximately $70 million (before debt service associated with acquisition financing).
About NRG Yield
NRG Yield owns a diversified portfolio of contracted renewable, conventional generation and thermal infrastructure assets in the U.S., including fossil fuel, solar and wind power generation facilities that provide the capacity to support more than one million American homes and businesses. Our thermal infrastructure assets provide steam, hot water and/or chilled water, and in some instances electricity, to commercial businesses, universities, hospitals and governmental units in multiple locations. NRG Yield is traded on the New York Stock Exchange under the symbol NYLD.